answer a bit more as soon as possibleplease give new answer dont copy old answers

while over the long run, the economy grows about 2 to 3% per year on average, over the shorter soon term, the economy goes through business cycle. Think about the growth rate of GDP, the inflation rate, and the unemployment rate over the lost 4 quarters including the covid-19 period until july. once you've looked at the data, can you draw conclusions about the state of the economy? would you describe the economy as booming, recovering, or in a secession? Why? which Curve do you think caused the change? Explain your reasoning